SAO PAULO, April 25 Cooxupé, the world's largest
arabica coffee cooperative, expects to sell 7 percent more
coffee this year, reaching 6.2 million 60-kg bags, in spite of a
Rising sales would stem from higher shipments from domestic
growers struggling with a recent Federal Supreme Court ruling
that upheld a levy on proceeds from sale of coffee and other
grains, Cooxupé President Carlos Paulino da Costa said at an
event on Tuesday.
Cooxupé always deducted the 2.3 percent levy when purchasing
coffee from cooperative growers, giving it some competitive
advantage over rivals now that the tax has been upheld, Costa
said. Cooxupé is projecting a 17 percent decline in production
where members of the cooperative operate.
"We believe that we will receive more from the members of
our cooperative because of the Funrural levy," he said.
An executive at Cooxupé had previously estimated sales for
this year could fall to as low as 5.6 million bags. Last year,
Cooxupé sold a total 5.8 million bags of coffee domestically and
(Reporting by Roberto Samora; Writing by Guillermo
Parra-Bernal; Editing by Lisa Shumaker)